USD to struggle in Sept - FXWW

By FXstreet.com | August 27, 2014 AAA

FXStreet (Bali) - According to Sean Lee, Founder at FXWW, recent price action in commodity currencies suggests that the USD will have a hard time to regain the bullish tone seen over the past few weeks.



Key Quotes



"The USD bears will need a bit more evidence before getting overly excited but the recent price action in AUD/USD, NZD/USD and USD/CAD certainly suggests that the greenback will struggle on these fronts."



"We often get impulsive market moves in September when the traditional holiday season has ended, and I’m definitely still of the opinion that this move will be USD negative."



"If we are to see a negative reversal in fortunes for the USD then EUR/USD will need to start some sort of a mini recovery and USD/JPY will need to revert to range trading mode. If this happens, then I think we shut our eyes and buy cable and/or sell USD/CAD."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD sitting pretty despite lower CPI’s
    Forex News

    GBP/USD sitting pretty despite lower CPI’s

  2. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

  3. EUR/USD in a doji and immersed in uncertainty
    Forex News

    EUR/USD in a doji and immersed in uncertainty

  4. EUR/USD calm near 1.2660
    Forex News

    EUR/USD calm near 1.2660

  5. EUR/USD seen at 1.25 by year-end - Commerzbank
    Forex News

    EUR/USD seen at 1.25 by year-end - Commerzbank

Trading Center